What Happens to Social Security Benefits if the Trust Fund Runs Short in 2033?
Your benefits won't go away, but they could look pretty different.
What Happens to Social Security Benefits if the Trust Fund Runs Short in 2033?
Overview
If you've kept an eye on the news lately, you've probably heard that Social Security is in big trouble. Its Old Age and Survivor Insurance (OASI) trust fund is expected to be depleted by the end of 2032. Combined with the Disability Insurance (DI) trust fund, the program could pay out benefits only until 2033.
That's not a lot of time, and it has many seniors worried about what will happen as the deadline approaches. The truth is, we don't know yet. But it might not be quite as bad as you're expecting.
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Details
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Originally published at www.fool.com.
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